Orange County NC Website
Browse       Search
10 <br /> M,Y w.IJ� <br /> HOUSE BILL 1043: <br /> 2020 COVID-19 Recovery Act. <br /> Qu v <br /> 2019-2020 General Assembly <br /> Committee: Senate Appropriations/Base Budget Date: May 2, 2020 <br /> Introduced by: Reps. Bell, Jackson, Lewis Prepared by: Luke Gillenwater <br /> Analysis of: PCS to Third Edition Dan Ettefagh <br /> H1043-CSMLa-13 Committee Co-Counsel <br /> OVERVIEW. House Bill 1043 provides aid to North Carolinians in response to the Coronavirus <br /> Disease 2019 (COVID-19) crisis. <br /> CURRENT LAW: House Bill 1043 does the following: <br /> • Section 1.1 —Establishes the title of the act as the "2020 COVID-19 Recovery Act." <br /> • Section 1.2 — Establishes definitions used throughout the act, including defining "COVID-19 <br /> Recovery Legislation" as the following legislation enacted by Congress: <br /> ■ The Coronavirus Aid, Relief, and Economic Security(CARES)Act, P.L. 116-136. <br /> ■ The Families First Coronavirus Response Act, P.L. 116-127. <br /> ■ The Coronavirus Preparedness and Response Supplemental Appropriations Act,2020,P.L. <br /> 116-123. <br /> ■ Paycheck Protection Program and Health Care Enhancement Act, P.L. 116-139. <br /> • Section 1.3 — States the purpose of the act. <br /> • Section 1.4 — Provides that the appropriations and allocations in the act are for the maximum <br /> amounts necessary to implement the act, and directs State agencies to maximize the use of federal <br /> funds made available in the act prior to using other State funds. <br /> • Section 1.5—Provides that allocations made under this act that conflict with applicable federal law <br /> are repealed and the funds are to be transferred back to the Coronavirus Relief Reserve. <br /> • Section 1.6 — Directs the Office of State Budget and Management (OSBM) to work with State <br /> agencies to ensure that receipts awarded pursuant to COVID-19 Recovery Legislation are used in <br /> accordance with applicable federal laws and regulations. Additionally, provides that funds may <br /> not be used for recurring expenditures, funds awarded under The CARES Act may not be used for <br /> revenue replacement, and, depending on the award, employ additional time-limited State <br /> personnel. <br /> • Section 1.7 —Requires reports from OSBM and State agencies or departments that receive funds <br /> under the act detailing how the funds are used. The reports are to be provided to the Joint <br /> Legislative Commission on Governmental Operations and the Fiscal Research Division. <br /> • Section 1.8 — Requires the State Auditor to conduct a preliminary financial audit and final <br /> performance audit of the Coronavirus Relief Fund no later than 3/l/21. <br /> • Section 2.1 — Establishes the Coronavirus Relief Reserve (Reserve) to maintain federal funds <br /> received from the Coronavirus Relief fund created under The CARES Act, P.L. 116-136. <br /> • Section 2.2—Establishes the Coronavirus Relief Fund(Fund)to be used to provide necessary and <br /> appropriate relief and assistance from the effects of COVID-19. All funds in the Fund must be <br /> Kory Goldsmith Legislative Drafting <br /> Director 919-733-6660 <br /> H 1 0 4 3 — S M M L — 2 0 C S M L A — 1 3 — V — 2 <br /> This bill analysis was prepared by the nonpartisan legislative stafffor the use of legislators in their deliberations and does not constitute an official statement of legislative intent. <br />